General Electric Shows Upside: Here's My Target
InTheMoneyStocks.com | May 17, 2018 03:20PM ET
General Electric (NYSE:GE) is one of the best-performing S&P 500 stocks in the last two months. Up 22% since April 2018, the stock has investors cheering after the company beat earnings and put to rest any worry that it would cut the dividend. There may in fact be reason to cheer for more upside.h3 Price Target/h3
GE just broke the neckline of an inverse head-and-shoulder pattern – an extremely bullish signal for General Electric and has a calculated price target of $17.50 attached. While it may pause around the $15 level for a week, or so, upside should resume quickly as the target could be hit in June.
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